Latest news with #CapitalG
Bloomberg
2 days ago
- Business
- Bloomberg
Alphabet's CapitalG Backs Adyen Co-Founder's Latest Startup Tebi
Tebi BV, the newest fintech firm created by Adyen NV co-founder Arnout Schuijff, has raised €30 million ($34.2 million) in funding, betting that more restaurants are on the hunt for a single platform to manage everything from reservations to inventory to payments. The round was led by Alphabet Inc. 's independent growth fund CapitalG and included participation from existing investor Index Ventures, according to a statement. Tebi declined to disclose what it's now valued at after raising the funds.
TechCrunch
6 days ago
- Business
- TechCrunch
Why investing in growth-stage AI startups is getting riskier and more complicated
Making a bet on AI startups has never been so exciting — or more risky. Incumbents like OpenAI, Microsoft, and Google are scaling their capabilities fast to swallow many of the offerings of smaller companies. At the same time, new startups are reaching the growth stage much faster than they historically have. But defining 'growth stage' in AI startups is not so cut-and-dried today. Jill Chase, partner at CapitalG, said on stage at TechCrunch AI Sessions that she's seeing more companies that are only a year old, yet have already reached tens of millions in annual recurring revenue and more than $1 billion in valuation. While those companies might be defined as mature due to their valuation and revenue generation, they often lack much of the necessary safety, hiring, and executive infrastructure. 'On one hand, that's really exciting. It represents this brand new trend of extremely fast growth, which is awesome,' Chase said. 'On the other hand, it's a little bit scary because I'm gonna pay at an $X billion valuation for this company that didn't exist 12 months ago, and things are changing so quickly.' 'Who knows who is in a garage somewhere, maybe in this audience somewhere, starting a company that in 12 months will be a lot better than this one I'm investing in that's at $50 million ARR today?,' Chase continued. 'So it's made growth investing a little confusing.' To cut through the noise, Chase said it's important for investors to feel good about the category and the 'ability of the founder to very quickly adapt and see around corners.' She noted that AI coding startup Cursor is a great example of a company that 'jumped on the exact right use case of AI code generation that was available and possible given the technology at the time.' Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW However, Cursor will need to work to maintain its edge. 'There will be, by the end of this year, AI software engineers,' Chase said. 'In that scenario, what Cursor has today is going to be a little less relevant. It is incumbent on the Cursor team to see that future and to think, okay, how do I start building my product so that when those models come out and are much more powerful, the product surface represents those and I can very quickly plug those in and switch into that state of code generation?'
Bloomberg
7 days ago
- Business
- Bloomberg
CapitalG's Sturdy & Accel's Wong on the VC Landscape
Venture capitalists Laela Sturdy, Managing Partner at CapitalG and Rich Wong, Partner at Accel share an update on where private capital is flowing and how market volatility is changing the path for exits this year with Bloomberg's Katie Roof at Bloomberg Tech in San Francisco. (Source: Bloomberg)
Yahoo
11-04-2025
- Business
- Yahoo
AI networking chip startup nEye Systems secures $58m funding
nEye Systems, a US-based startup specialising in AI networking chips, has secured $58m in its Series B funding round to advance AI infrastructure with new optical switch technology. The financing was led by Alphabet's independent growth fund, CapitalG, with participation from M12, Microsoft's venture fund, Micron Ventures, NVIDIA, and Socratic Partners. The latest round brings nEye Systems' total funding to $72.5m. nEye Systems co-founder Professor Ming Wu said: 'We are thrilled to have the support of CapitalG and our other esteemed investors as we scale our optical switch technology. 'Our wafer-scale approach, backed by years of research at UC Berkeley, positions us to transform the AI fabric and enable the next generation of high-performance computing.' The startup's optical switch technology aims to address communication bottlenecks in AI data centres, high-performance computing, and AI and machine learning systems. Existing infrastructures that depend mainly on electrical switches struggle with high power usage and limited bandwidth capacity. nEye's wafer-scale optical circuit switch offers a more 'cost-effective' solution with direct optical connections, enabling 'unlimited' bandwidth. CapitalG general partner and nEye board member James Luo said: 'nEye's groundbreaking technology has the potential to significantly improve the efficiency and scalability of AI infrastructure. 'Their innovative optical circuit switch addresses critical bottlenecks facing data centres and high-performance computing. We are thrilled to partner with Professor Ming Wu and the entire nEye team on their audacious journey to redefine the landscape of AI computing.' nEye Systems has developed prototype chips and plans to have production chip samples available next year. Earlier, nEye secured 'undisclosed' Series A funds in a financing round led by TEDA Holdings with Innolight Technology and additional seed funds taking part. "AI networking chip startup nEye Systems secures $58m funding" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
11-04-2025
- Business
- Yahoo
AI networking chip startup nEye Systems secures $58m funding
nEye Systems, a US-based startup specialising in AI networking chips, has secured $58m in its Series B funding round to advance AI infrastructure with new optical switch technology. The financing was led by Alphabet's independent growth fund, CapitalG, with participation from M12, Microsoft's venture fund, Micron Ventures, NVIDIA, and Socratic Partners. The latest round brings nEye Systems' total funding to $72.5m. nEye Systems co-founder Professor Ming Wu said: 'We are thrilled to have the support of CapitalG and our other esteemed investors as we scale our optical switch technology. 'Our wafer-scale approach, backed by years of research at UC Berkeley, positions us to transform the AI fabric and enable the next generation of high-performance computing.' The startup's optical switch technology aims to address communication bottlenecks in AI data centres, high-performance computing, and AI and machine learning systems. Existing infrastructures that depend mainly on electrical switches struggle with high power usage and limited bandwidth capacity. nEye's wafer-scale optical circuit switch offers a more 'cost-effective' solution with direct optical connections, enabling 'unlimited' bandwidth. CapitalG general partner and nEye board member James Luo said: 'nEye's groundbreaking technology has the potential to significantly improve the efficiency and scalability of AI infrastructure. 'Their innovative optical circuit switch addresses critical bottlenecks facing data centres and high-performance computing. We are thrilled to partner with Professor Ming Wu and the entire nEye team on their audacious journey to redefine the landscape of AI computing.' nEye Systems has developed prototype chips and plans to have production chip samples available next year. Earlier, nEye secured 'undisclosed' Series A funds in a financing round led by TEDA Holdings with Innolight Technology and additional seed funds taking part. "AI networking chip startup nEye Systems secures $58m funding" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
